Broker
LV Broker unveils EDI specialist motor product
LV Broker has launched a full-cycle electronic data interchange specialist vehicle product under the firm’s highway brand.
NIG launches hub for top e-trading brokers
Commercial insurer NIG has launched The Hub Extra, a range of exclusive services, resources and dedicated support from NIG’s First Club and largest e-trade broker partners.
BGL CEO Winslow denies ABS move is linked to avoiding referral fees
BGL boss Peter Winslow has denied its acquisition of Minster Law is linked to avoiding the referral fee ban imposed by the Legal Aid, Sentencing and Punishment of Offenders Act.
Axa Assistance adds misfuelling cover to its motor breakdown offering
Axa Assistance UK has extended its trading partnership with Insurance Choice by adding misfuelling insurance as part of an enhanced motor breakdown service for its motor insurance portfolio.
Towergate hands Willis UK president role as Paymentshield director
Towergate has appointed Willis UK president Brendan McCafferty as commercial director at Paymentshield.
Aviva receives ratings downgrade as outlook remains stable
Moody's has downgraded Aviva’s main operating units' insurance financial strength rating to ‘A1’ from ‘Aa3’.
Post Audio Supplement - 13 June 2013
Too busy to read the magazine or website? Want a quick update on the latest news?
Insurance buyers warned of "lone wolf" attacks as terrorism threat changes
Several of the world’s long-established terrorism insurance schemes were set up to deal with a different terrorism threat than is predominant today, according to a new technical guide produced by Airmic, in collaboration with Willis.
Wood steps down as UK MD as Ecclesiastical reveals management shake-up
Ecclesiastical has unveiled a host of changes to its management structure and leadership team, which has seen the group’s UK general insurance managing director Steve Wood exit the firm.
Post magazine - 13 June 2013
The latest issue of Post magazine is now available to subscribers as a digital and interactive e-book.
Esure to be confirmed as FTSE 250 member
Esure is expected to be confirmed as a member of the FTSE 250 at the index series’ quarterly review this evening.
Towergate names Ryan Brown as its new M&A director
Towergate has moved to replace Davies-bound Dan Saulter with the appointment of Ryan Brown as M&A director.
Giles CFO blames ownership structure for debt increase as backer seeks sale
Analyst confident potential buyers won’t be put off by financial results
Integro confirms departure of international division bosses
Integro has confirmed the departure of the co-heads of its international division Ron Whyte and Julian Samengo-Turner.
Randall & Quilter upbeat ahead of AGM
Randall & Quilter's first half financial result is expected to be in line with the board's expectations, according to chairman and chief executive Ken Randall.
Editor's comment: Ringing the changes
The Financial Conduct Authority’s review of motor legal expenses insurance was given an airy response by the LEI sector.
Airmic 2013: Supply chain losses up 465%
Economic losses from supply chain disruptions increased an estimated 465% between 2009 and 2011, research has revealed.
Airmic 2013: Investment returns to blame for claims payments
Reduced investment returns and a lack of client knowledge is causing insurers to repudiate claims, Willis deputy chief executive Steve Hearn has claimed.
Epoq launches PI referral fees system
Legal technology firm Epoq has developed a consumer legal plan that enables insurance brokers to continue receiving payment for referring personal injury claimants to a law firm or to claims management companies.
Airmic 2013: Aon throws down innovation gauntlet
Aon group president Stephen McGill has challenged the insurance industry to step up its work on innovation.
Insurance Charities: Insurers back depression support site
The Depression Alliance is developing a web-based micro community called ‘Friends in Need’, targeting insurance professionals.
Market Moves: Broking sector has quiet week apart from a new COO role created at BMS
The recruitment merry-go-round produced a mixed bag of hires this week, with Covéa taking a lead role on behalf of insurers. The broking sector, usually a hive of market hiring activity, threw up little of note – although BMS Group proved the exception…
View from the Top: Listen to young employees
Insurance is an industry under pressure. We’ve read and heard ad nauseam about the causes and symptoms of our troubles and I don’t propose to provide another list here.
View from the Top: London must lead the way
Innovation is key if the London market is to retain its global importance to the industry, says Nicolas Aubert.